How the electricity price break affects the electricity bill

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As of December 1, the electricity price break is to apply throughout Austria. Until June 2024, 2900 kilowatt hours per year and metering point will be subsidized by up to 30 cents. No one will have to apply; the subsidy will automatically be deducted from the electricity bill. A separate line will be drawn on the electricity bill showing how much the government will cover the cost.

How much is saved depends on individual consumption and the electricity tariff? And there are significant differences here.

In any case, only the actual electricity consumption is subsidized. On most electricity bills, this is shown as “energy costs”; sometimes, it is also called “energy price.” This price is lower than the tariff that comparison portals often offer – when comparing electricity prices, the total price comprising energy costs, network charges, taxes, and levies is usually given.

For all people exempt from the GIS fee for socio-economic reasons – a total of around 300,000 – the grid fee is also reduced by 75 percent. This is expected to bring another saving of up to 200 euros.

What amount is subsidized
The electricity price cap is set up as follows: For the first 2,900 kilowatt hours, customers pay only 10 cents; the difference in the actual price is produced from the state budget. However, if the cost of electricity is above 40 cents per kilowatt hour – or should rise that high over the next few months – only 30 cents will be deducted. What is above that, the customers have to pay. End users also pay the price according to the tariff for energy consumption that exceeds 2,900-kilowatt hours.

Knowing what your rate price per kilowatt-hour is is essential for estimating how much of a subsidy you’ll receive. If the tariff price per kilowatt hour of electricity is not shown on the bill, it is easy to calculate: Divide the energy costs by the electricity consumption.

Several electricity tariffs offer discounts, free electricity days, or a bonus. This is deducted when calculating the subsidized quota. This prevents energy companies from providing their customers significant discounts, which they have financed by the state.

In the end, 20 percent sales tax is added – and this is also added to the subsidized tariff.

  • source: kleinezeitung.at/picture: pixabay.com
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